The bank&rsquo;s profit plummets to Rs 20.8 cr on higher provisioning, FY11 net down 9.84%.

SBI: Growth pangs

Business Standard

Debit cards have transactional hazards, so check this primer on what to do.

When a swipe trips up

Stick to long-term investment with bank deposits, that will earn you more when rates fall in the coming months.

Give money time to grow

My home loan from a public sector bank ended about two months back. However, the bank has not sent me a letter confirming the closure of the account. Further, they have misplaced the property papers held as collateral.

Banking: Uday Sareen

India&rsquo;s 10-year bonds gained for the first time in more than a week on speculation that yields near their highest level since 2008, would attract investors. Foreign investors have bought $1.17 billion in rupee- denominated debt this month, bolstering holdings to a record $21.2 billion as of May 18, exchange data show. The yield on the 7.80 per cent, 10-year note climbed to 8.35 per cent on May 20, the highest level for a benchmark 10-year bond since October 2008, after a report earlier in the week showed wholesale prices rose more than economists estimated.

Bonds gain, as yields lure buyers  

Floating rate term deposits (FRDs) are a variant of the fixed deposits offered by banks. The interest rates on offer are linked to the bank&rsquo;s base interest rate. This is a relatively new product in the country, with the first one having been launched by State Bank of India in September 2010. As of now, these deposits are only long-term in nature, offered for periods of 1, 3 and 5 years. One can invest a minimum of Rs 1,000 and multiples thereof, till a maximum of Rs 15 lakh.

What are floating rate term deposits?

The rupee dropped to a two-month low after the government said it may not meet its budget-deficit target for the current financial year.

Rupee declines to 2-month low

India&rsquo;s 10-year bonds fell, pushing yields to the highest level in almost 32 months, on speculation that demand for existing notes would decrease after the government boosted the amount of new debt it planned to sell.

Bond yields at 32-month high

India&rsquo;s 10-year bonds gained for the first time in five days on speculation that yields near the highest level since 2008, would attract investors. The yield on the 7.80 per cent, 10-year note climbed to 8.47 per cent on Monday.

Bonds advance 

The elephant, as the former chairman of State Bank of India (SBI) O P Bhatt used to call the bank, has stopped dancing. In fact, now it seems wary of speed.

Slow and steady, anyone?

At six-and-a-half feet and dressed in a royal blue business suit, it isn&rsquo;t difficult to spot Stuart Davis, CEO of HSBC, as he strides down the gleaming marble alley of the Taj Mahal Hotel at the appointed hour for lunch. The Taj is like a second home for him.

Lunch with BS: Stuart Davis

MFs see Rs 35,000-cr inflow, as call rates slide and Sensex rises 323 points.

Liquidity returns to market

Bringing prudence in lending to home borrowers, the Reserve Bank of India (RBI) today increased provisioning for teaser loan rates by 160 basis points, from 0.4 per cent to 2 per cent.

Banks likely to hike home loan rates by Jan

Tightening pause may shift interest, say MFs.

Long-term debt funds may gain

The Reserve Bank of India and the country&rsquo;s largest bank, State Bank of India, today differed on the desirability of teaser loans.

RBI, SBI at odds on teaser rates

Policy raises rates to check inflation, while promising sufficient liquidity for growth.

Managing inflation, growth dynamics amid uncertainties

The Reserve Bank of India (RBI) today indicated that inflation management remained the dominant theme of its monetary policy moves.

Inflation top concern, food prices hold key...

The Reserve Bank of India (RBI) on Tuesday said the trend of food inflation was pointing at not only structural demand-supply mismatches in commodities comprises the essential consumption basket but also at changing consumption patterns.

Food inflation trends point to new consumption patterns

Large groups to set aside more capital if exposure to group entities is above 20% of their paid-up capital.

Financial conglomerates under scanner

Finance Minister Pranab Mukherjee said the tightening measures announced by the Reserve Bank of India (RBI) today might have a slightly negative impact on the growth rate in the short term. In the medium to long term, however, it would boost economic growth.

Impact on growth only in short run: Pranab

In an effort to ensure growth of well-managed and financially-sound urban cooperative banks (UCBs), the Reserve Bank of India (RBI) has proposed withdrawing restrictions on grant of multi-state status for those having a minimum net worth of Rs 50 crore.

Urban co-operative banks get a policy boost

Financial Analysis: Find the Latest Financial News Analysis & Research Updates from all top sources for the Indian Finance industry on Business Standard.

Finance News Analysis, Financial Analysis and Research | Business Standard

Find the Latest Financial News Analysis & Research Updates from all top sources for the Indian Finance industry on Business Standard.

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